House set to pass $1,400 stimulus checks TOMORROW – meaning you could get your payment in less than a month

THE House is set to pass the third round of stimulus checks tomorrow, which means eligible Americans could get their $1,400 relief payment in less than a month.

The $1.9trillion Covid relief bill needs to be approved in the House and Senate before being signed into law – and the full U.S. House of Representatives will vote on Biden's huge $1.9trillion relief package on Friday.

Stimulus checks could be hitting eligible taxpayers' bank accounts soon as The Committee on Rules will meet at 9.30am on Friday, February 26.

In a Tuesday night tweet, Majority Leader Steny Hoyer wrote: "The House will vote on Friday on @POTUS’ #AmericanRescuePlan to end this pandemic and deliver urgently needed relief to America’s families and small businesses.

"The American people strongly support this bill, and we are moving swiftly to see it enacted into law."

The move comes after The House Budget Committee approved Biden's bill on Monday afternoon with a vote of 19-16.

After the full House votes on February 26, the bill will make its way to the Senate.

If the bill passes the Senate, Biden will sign it on or before March 14, according to CNET.

In order for the bill to pass the Senate, agreements need to be made in regards to student load debt, minimum wage, stimulus checks, and more.

The current proposal includes stimulus checks in addition to enhanced Child Tax Credit – meaning families could get up to $12,800. 

Stimulus checks are worth $1,400 per adult and eligible dependent. A family of four could receive $5,600 as part of the payment. 

And the expanded Child Tax Credit would be worth $3,600 per child under the age of six. 

The spending package also includes an increase in the federal minimum wage to $15 per hour, $1,400 direct checks for Americans making $75,000 or less a year and an extension of $400 federal unemployment benefits.

Democrats are pushing to pass the bill quickly to prevent a lull in federal unemployment payments as The Pandemic Emergency Unemployment Compensation Program (PEUC) expires on March 14, 2021.

The coronavirus relief bill was designed to put money towards Covid vaccines, medical equipment, and stimulate the US economy.

Taxpayers could also get more stimulus check money in the third round of relief aid with $1,400 proposed for each child.

However, the Republican Study Committee recently wrote a three page document detailing how to fight against the huge $1.9trillion package.

Meanwhile, if relief checks pass through Congress on March 12 and a stimulus bill gets signed into law two days later (on March 14), the first direct deposit checks are speculated to arrive during the week of March 22, CNET reports.

According to the news outlet, with a March 16 bill passage date, the first paper checks would arrive during the week of March 29 and EIP cards would be sent on the of April 5.

However, if Congress doesn't pass relief checks until March 22 and Congress ends up signing the bill into law on March 23, the first direct deposit checks would arrive into taxpayers' bank accounts on the last week of March.

With a March 22 passage date, the first round of paper checks would be sent on the week of April 5 and EIP cards would be sent out the following week.

Despite the different projection dates, claims for missing stimulus money would open up on the same date – May 3.

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